COUNTRY MOBILE HOME PARK - MONTE VISTA, COLORADO - OFFERING MEMORANDUM - LOOPNET
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Country Mobile Home Park
Monte Vista, Colorado
Offering Memorandum
NON-ENDORSEMENT AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from
Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has
been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no
warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size
and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and
Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or
intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to
be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any
investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
All potential buyers must take appropriate measures to verify all of the information set forth herein.
NON-ENDORSEMENT NOTICE
Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in
this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said
corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing
tenant lessee information about this listing to prospective customers.
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of
any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its
affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee
information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR
MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Country Mobile Home Park
M o n t e V i s t a , C o l o r a d o
exclusively listed BARRY HIGGINS
Senior Vice President Investments
Denver, Colorado
OFFICES THROUGHOUT THE U.S. & CANADA Office 303.328.2012
www.marcusmillichap.com Barry.Higgins@marcusmillichap.com
License CO EA 748415
TA B L E O F C O N T EN T S Country Mobile Home Park
PROPERTY DESCRIPTION
Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Investment Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Regional Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Local Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Lot Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
FINANCIAL ANALYSIS
Financial Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Rent Roll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
MARKET OVERVIEW
Sales Comparables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15-16
Lease Comparables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17-18
DEMOGRAPHICS
Demographic Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20-21
Property Description
PR O PE RT Y DESCR I P T I ON Country Mobile Home Park
Executive Summary
The Country Mobile Home Park built in 1972 is an all-age 84-space park consisting
of 63 single wide spaces and 21 RV spaces. It encompasses 6.10 acres and includes a
750 square foot remodeled office with a bathroom and shower. Parking is adequate
throughout the park with plenty of extra street parking for guests.
Investment Highlights
There is mature landscaping, consisting of trees, shrubs, mowed lawns and nn Tight Rental Market with High Demand for Affordable Housing
common areas. Roads are composite packed gravel base. Many space sites have nn Very Low Overall Market Vacancy
manicured lawns and gardens. Water and sewer are provided by Monte Vista City
nn Largest Mobile Home Community in the County
services and billed back to tenants by the landlord. Gas and electric are provided
by Xcel Energy and billed direct to tenants. Trash is included in the space rent. nn Full Time On Site Maintenance and Management
nn 750-Square Foot Office (remodeled) with Bathroom that Includes Shower
There are no park owned homes (POH) and eight homes on rent-to-own (RTO)
nn No Park Owned Homes (POH)
contracts. Rental income from the RTO contracts is not included in the
Gross Revenue, and therefore not part of the underwriting, however, the nn Income from Rent-to-Own Homes Not Included in Park Revenue
RTO contracts will be transfered to Buyer at closing a no cost. nn All Rent-To-Own Contracts Shall Be Transfered to Buyer at Closing at No
Cost
Although there are some long-term RV rentals in the park, the majority of RV
nn 9.22% Cap Rate Going-In on Actual Collections
spaces lease up in mid to late summer, and run nearly full through the fall months.
Last years revenue from RV’s is included in the gross revenue. Marketing for long- nn Significant Upside in Filling Vacant Lots and Promoting the RV Spaces
term RV rentals could substantially increase occupancy in the RV section of the nn Very Low Property Taxes
park and add significant income upside. nn Double Digit Cash Flow Year 1 on Current Rents
There is a full time, on-site manager and full time maintenance person who live in
the park and take care of all of the day to day operations and maintenance.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer
6 must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &
Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535
PR O PE RT Y DESCR I P T I ON Country Mobile Home Park
Regional Map
Country Mobile Home Park
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap
Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535
7
PR O PE RT Y DESCR I P T I ON Country Mobile Home Park
Local Map
Country Mobile Home Park
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer
8 must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &
Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535
PR O PE RT Y DESCR I P T I ON Country Mobile Home Park
Aerial Map
Monte Vista
Country Mobile Home Park
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap
Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535
9
PR O PE RT Y DESCR I P T I ON Country Mobile Home Park
Lot Map- As of May 2018
Indicates Occupied Lot
County Road 2 E
RV6
15 13 11 9 7 5 3 1
64 17 (Single RV7
(Single
Wide)
14 12 10 Wide)
8 6 4 2 16 RV8
63
RV14 RV13 RV12 RV11 Park Office
62
Sherman Avenue
29 E1
56 35 (RV)
(RV)
(Single Wide)
24 18 E5 RV1
57 51 50 45 36 E2 E6 RV2
30
(RV) 25 19 E3
(Single Wide)
58 52 49 44 37 31 E7/8 RV3
(Vacant Home) (RV)
(RV)
26 20 E4
(Single Wide)
RV4
59 48 43 38 32
(RV) 53 21 E9 RV5
60 47 42 39 33 27 (Single Wide)
(RV)
54 E10
61 55 41 40 34 28 22
(RV) (RV)
46
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer
10 must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &
Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535Financial Analysis
F I NA N C IA L A N ALY SI S Country Mobile Home Park
Financial Overview
Country Mobile Home Park
2900 Sherman Avenue
Annualized Operating Data
Monte Vista, Colorado 81144
Income Current
OFFERING DETAILS Potential Mobile Home Lot Rent Revenue $215,460
Price $1,525,000 Less Actual Mobile Home Vacancy ($27,360)
Down Payment 35% / $533,750 Effective Mobile Home Lot Rent $188,100
Size Mobile Home Spaces 63 RV Revenue (2017) $15,912
RV Spaces 21 Misc. Income (Late Fees, Pet Rent) $5,378
Total 84 Spaces Expense Reimbursement (Water & Sewer) $44,620
Type All Age Gross Effective Income (GEI) $254,010*
Price/Space (Mobile Home Spaces Only) $24,206 Total Operating Expenses $113,367
Year of Construction 1972 Net Operating Income $140,643
Lot Size 6.10 AC Debt Service $76,868
Space Rent $285/Mo (Includes Trash) Debt Service Coverage Ratio 1.83
Utilities Water / Sewer City, Billed to Tenant through Ownership Net Cash Flow After Debt Service $63,775
Gas / Electric Billed Directly to Tenant Cash-on-Cash Return 11.85%
Manager On-Site Expenses Current
VITAL DATA Real Estate Taxes $1,300
In-Place Cap Rate 9.22% Insurance $3,107
In-Place Net Operating Income $140,643 Water & Sewer $44,620
FINANCING Trash $6,581
Loan Type New First Loan Electricity & Gas $10,980
Loan Amount $991,250 Repairs & Maintenance $9,769
Loan to Value 65% Maintenance Labor $12,433
Interest Rate 4.75% On-Site Management Fee $10,339
Program Conventional Off-Site Management Fee (5% GPI) $11,957
Amortization 20 Years Misc. Expenses $2,281
Term 10 Years TOTAL EXPENSES (45.24% of GEI) $113,367
EXPENSES/SPACE $1,799**
*Rent to Own income not included in total revenue
**Based on 63 trailer spaces
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer
12 must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &
Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535F I NA N C IA L A N ALY SI S Country Mobile Home Park
Rent Roll- As of May 2018
Space Space Type Space Rent Rent to Space Space Type Space Rent to Space Space Type Space Rent Rent to
Number Own Number Rent Own Number Own
1 Single Wide $285.00 33 Single Wide $285.00 64 Single Wide $285.00
2 Single Wide $285.00 34 Single Wide $285.00 E1 RV (Vacant Lot)
3 Single Wide $285.00 35 Single Wide $285.00 E2 Single Wide $285.00
4 Single Wide $285.00 36 Single Wide $285.00 $98.22 E3 Single Wide $285.00
5 Single Wide $285.00 37 Single Wide (Vacant Home) E4 Single Wide $285.00
6 Single Wide $285.00 $112.50 38 Single Wide $285.00 E5 Single Wide $285.00 $180.00
7 Single Wide $285.00 39 Single Wide $285.00 E6 Single Wide (Vacant Lot)
8 Single Wide $285.00 40 Single Wide $285.00 E7/8 Single Wide (Vacant Lot)
9 Single Wide (Vacant Lot) 41 Single Wide $285.00 E9 Single Wide $285.00
10 Single Wide $285.00 42 Single Wide $285.00 E10 Single Wide $285.00
11 Single Wide $285.00 43 Single Wide $285.00 RV1 RV $320.00
12 Single Wide $285.00 44 Single Wide $285.00 RV2 RV $320.00
13 Single Wide $285.00 45 Single Wide $285.00 RV3 RV (Vacant Lot)
14 Single Wide $285.00 $62.50 46 Single Wide $285.00 RV4 RV $320.00
15 Single Wide $285.00 47 Single Wide $285.00 RV5 RV (Vacant Lot)
16 Single Wide $285.00 48 Single Wide $285.00 RV6 RV (Vacant Lot)
17 Single Wide (Vacant Lot) 49 Single Wide $285.00 RV7 RV (Vacant Lot)
18 Single Wide $285.00 50 Single Wide $285.00 $114.59 RV8 RV (Vacant Lot)
19 Single Wide $285.00 51 Single Wide (RV Occupied) $320.00 RV11 RV $320.00
20 Single Wide $0 $275.00 52 Single Wide $285.00 RV12 RV $320.00
21 Single Wide (Vacant Lot) 53 Single Wide $285.00 $147.32 RV13 RV $320.00
22 Single Wide $285.00 $48.40 54 Single Wide $285.00 RV14 RV (Vacant Lot)
24 Single Wide $285.00 55 RV (Vacant Lot) Total per Month $17,630 $1,150
25 Single Wide $285.00 56 RV (Vacant Lot) Total per Year $211,560 *$13,800
26 Single Wide $285.00 57 RV (Vacant Lot)
27 Single Wide $285.00 58 RV (Vacant Lot) Total Occupancy
28 Single Wide $285.00 $111.12 59 RV (Vacant Lot) Total Home Total Occupied
63 55 / 87%
Lots Home Lots
29 Single Wide (Vacant Lot) 60 RV (Vacant Lot)
Total Occupied
30 Single Wide $285.00 61 RV (Vacant Lot) Total RV Lots 21 7 / 33%
RV Lots
31 RV (Vacant Lot) 62 Single Wide $285.00
32 Single Wide $285.00 63 Single Wide $285.00 Total All Lots 84
*Rent to Own income not included in total revenue
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap
Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535
13Market Comparables
C O M PA R A BL ES Country Mobile Home Park
Sales Comparables
Average Price Per Unit: $45,141
70000.00
60000.00
2
50000.00
1 40000.00
3
30000.00
20000.00
10000.00
0.00
Country Mobile Home Park Cottonwood Mobile Home North Star Mobile Home Morningside Mobile Home
Park Park Park
Average CAP Rate: 7.08%
10.00
9.00
8.00
Sales Comparables Map 7.00
Country Mobile Home Park 6.00
1 Cottonwood Mobile Home Park 5.00
2 North Star Mobile Home Park 4.00
3 Morningside Mobile Home Park
3.00
2.00
1.00
0.00
Country Mobile Home Park Cottonwood Mobile Home North Star Mobile Home Morningside Mobile Home
Park Park Park
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer
15 must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &
Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535C O M PA R A BL ES Country Mobile Home Park
Sales Comparables
1 Cottonwood Mobile Home Park 10110 East 120th Avenue | Henderson, CO 80640
Close of Escrow: 03/2017
Year Built: 1996
Units: 30
Sale Price: $1,500,000
Price Per Space: $50,000
Cap Rate: 7.49%
Percent Down: 26%
Lot Size: 2.07 AC
Comments:
2 North Star Mobile Home Park 1700 LaPorte Avenue | Fort Collins, CO 80521
Close of Escrow: 6/2017
Year Built: 1946
Units: 61
Sale Price: $3,500,000
Price Per Space: $57,377
Cap Rate: 7.00%
Percent Down: 30%
Lot Size: 4.38 AC
Comments:
3 Morningside Mobile Home Park 6900 Highway 2 | Commerce City, CO 80022
Close of Escrow: 2/2017
Year Built: 1948
Units: 41
Sale Price: $1,150,000
Price Per Space: $28,048
Cap Rate: 6.75%
Percent Down: 30%
Lot Size: 2.99 AC
Comments:
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap
Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535
16C O M PA R A BL ES Country Mobile Home Park
Lease Comparables
Average Occupancy: 97%
100.00
90.00
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
Country Mobile Home Town n' Country Century Mobile Home Cottonwood Mobile Wagon Wheel Mobile
1 Park Mobile Home Park Park Home Park Home Park
3
2
4 Average Space Rent: $315.00
500.00
450.00
400.00
Lease Comparables Map 350.00
Country Mobile Home Park 300.00
1 Town n’ Country Mobile Home Park 250.00
2 Century Mobile Home Park
200.00
3 Cottonwood Mobile Home Park
150.00
4 Wagon Wheel Mobile Home Park
100.00
50.00
0.00
Country Mobile Home Town n' Country Century Mobile Home Cottonwood Mobile Wagon Wheel Mobile
Park Mobile Home Park Park Home Park Home Park
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer
17 must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &
Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535C O M PA R A BL ES Country Mobile Home Park
Lease Comparables
1 Town n’ Country Mobile Home Park 3105 Main Street | Alamosa CO 801101
Year Built: 1970
Units: 64
Monthly Space Rent: $290
Occupancy: 100%
Comments: Water, sewer & trash paid by landlord.
2 Century Mobile Home Park 1700 State Avenue | Alamosa, CO 81101
Year Built: 1968
Units: 185
Monthly Space Rent: $450
Occupancy: 90%
Comments: Water, sewer & trash paid by tenant
3 Cottonwood Mobile Home Park 7030 Wild Acres Lane | Alamosa, CO 81101
Year Built: 1940
Units: 35
Monthly Space Rent: $300
Occupancy: 100%
Comments: Water, sewer & trash paid by landlord.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap
Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535
18C O M PA R A BL ES Country Mobile Home Park
Lease Comparables
4 Wagon Wheel Mobile Home Park 8719 US Highway 160 | Alamosa, CO 81101
Year Built: 1970
Units: 60
Monthly Space Rent: $230
Occupancy: 100%
Comments: Water & sewer paid by landlord.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer
19 must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &
Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535Demographics
D E M O G R A PH I CS Country Mobile Home Park
Demographic Summary 10-Mile Radius
Population Race & Ethnicity
The 2016A population estimate in this selected geography is 7,546. The In 2016A, the racial makeup of this selected area was as follows: 73.6%
2010 Census revealed a population of 7,740, and in 2000 it was 7,991 White; 0.6% Black; 2.0% Native American; 0.5% Asian/Pacific Islander;
representing a -3.1% change. It is projected the population in this area and 23.4% Other. Compare these to the Entire US racial makeup which
will be 7,557 in 2021, representing a change of 0.1% from 2016A. The was: 70.8% White, 12.8% Black, 1.0% Native American, 5.5% Asian/
current population is 49.3% male and 50.7% female. In 2016A, the Pacific Islander and 9.9% Other. People of Hispanic ethnicity are counted
median age of the population in this area was 38.5, compared to the independently of race. People of Hispanic origin make up49.5% of the
Entire US median age which was 37.7. The population density in your current year population in this selected area. Compare this to the Entire
area is 24.0 people per square mile. US makeup of 17.7% . Changes in the population within each race
and ethnicity category from the 2000 Census to the 2010 Census are
Households
as follows: 77.9% American Indian, Eskimo, Aleut Population; -47.7%
There are currently 2,946 estimated households in this selected
Asian, Pacific Islander; 240.9% Black; 2.2% Hispanic Ethnicity; -21.5%
geography. The Census revealed household counts of 2,996 in 2010
Other; White 2.9%.
and 2,925 in 2000, representing a change of 2.4%. It is projected the
number of households in this area will be 2,972 in 2021, representing Housing
a change of 0.9% from the current year. In 2010, the average number The median housing value in this area was $78,728 in 2000; compare this
of years in residence in this geography’s population is 15.6. The average to the Entire US median of $110,813 for the same year. The estimated
household size in this geography was 2.5 people and the average family median housing value in 2016A in this area is $138,213; compare this to
size was 3.1 people. The average number of vehicles per household in the Entire US median of $187,181 for the same year. In 2010 there were
this geography was 2.3 . 88.3% owner occupied housing units in this area vs. 88.3% estimated in
2016A. Also in 2010, there were 0.3% renter occupied housing units in
Income
this area vs. 0.3% estimated in 2016A. The average rent in 2016A was
In 2016A, the median household income in this selected geography was
$428 .
$41,576 , compared to the Entire US median which was $54,505. The
Census revealed median household incomes of $38,429 in 2010. It is Employment
projected the median household income in this area will be $49,093 in In 2016A, there were 5,848 people over the age of 16 in the labor force in
2021, which would represent a change of 18.1% from the current year. your geography. Of these 92.9% were employed, 7.1% were unemployed,
In 2016A, the per capita income in this area was $21,967, compared 34.1% were not in the labor force and 0.0% were in the Armed Forces.
to the Entire US per capita, which was $28,088. The 2016A average In 2016A, Civilian unemployment in this area was 7.1%. In 2016A, there
household income for this area was $22,973 , compared to the Entire US were 3,817 employees in this selected area (daytime population) and there
average which was $29,962. were 415 establishments. For this area in 2016A, white collar workers
made up 60.0% of the population, and those employed in blue collar
occupations made up 17.0%. Service and Farm workers made up 23.0%
of the population. In 2010, the average time traveled to work was 20
minutes.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer
21 must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &
Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535D E M O G R A PH I CS Country Mobile Home Park
Demographic Summary
POPULATION 3-MILES 5-MILES 10-MILES INCOME 3-MILES 5-MILES 10-MILES
2000 Population 5,689 6,354 7,991 $ 0 - $14,999 19.2% 18.6% 17.1%
2010 Population 5,266 5,982 7,740 $ 15,000 - $24,999 16.1% 15.6% 14.4%
2016 Population 5,111 5,807 7,546 $ 25,000 - $34,999 12.0% 11.8% 11.6%
2021 Population 5,032 5,753 7,557 $ 35,000 - $49,999 17.8% 17.3% 16.9%
$ 50,000 - $74,999 17.1% 17.6% 18.5%
$ 75,000 - $99,999 8.3% 9.0% 10.1%
HOUSEHOLDS 3-MILES 5-MILES 10-MILES $100,000 - $149,999 4.1% 4.4% 5.1%
2000 Households 2,119 2,359 2,925 $150,000 + 5.3% 5.7% 6.2%
2010 Households 2,093 2,362 2,996 2016 Median Household Income $37,574 $39,147 $41,576
2016 Households 2,049 2,312 2,946 2016 Per Capita Income $21,783 $22,345 $22,973
2021 Households 2,037 2,312 2,972 2016 Average Household Income $53,548 $55,411 $58,296
2016 Average Household Size 2.47 2.48 2.51
2016 Daytime Population 5,666 6,390 7,855
2000 Owner Occupied Housing Units 60.6% 61.1% 62.3%
2000 Renter Occupied Housing Units 30.4% 29.7% 28.1%
2000 Vacant 9.1% 9.2% 9.6%
2010 Owner Occupied Housing Units 58.1% 58.4% 59.8%
2010 Renter Occupied Housing Units 32.7% 32.2% 29.9%
2010 Vacant 9.2% 9.4% 10.3%
2016 Owner Occupied Housing Units 57.4% 57.6% 59.1%
2016 Renter Occupied Housing Units 31.8% 31.3% 29.1%
2016 Vacant 10.8% 11.1% 11.8%
2021 Owner Occupied Housing Units 57.3% 57.5% 59.1%
2021 Renter Occupied Housing Units 31.6% 31.1% 28.8%
2021 Vacant 11.1% 11.4% 12.1%
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap
Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap Activity ID Y0050535
22Country Mobile Home park
M o n t e V i s t a , C o l o r a d o
exclusively listed BARRY HIGGINS
Senior Vice President Investments
Denver, Colorado
OFFICES THROUGHOUT THE U.S. & CANADA Office 303.328.2012
www.marcusmillichap.com Barry.Higgins@marcusmillichap.com
License CO EA 748415You can also read
